Abstract
A perfect storm has been building within higher education. Numerous, powerful forces have been converging that either already are or soon will be impacting the way higher education is offered and experienced. This paper focuses on one of those forces – the increasing price tag of obtaining a degree within higher education. It will seek to show that what goes up…must come down. Some less expensive alternatives are already here today; but the most significant changes and market “corrections” appear to be right around the corner. That is, higher education is a bubble about to burst.
The Broken Accreditation System — Quote below from Stephen Downes
Links to an article by Ben Miller at The Quick and the Ed — dated August 6, 2010
Per Downes:
I have long said the accreditation monopoly will be ended, and though this looks like an attack on the for-profits, it is actually the first brick through the window of the accreditation system. Not that the for-profits are blameless – far from it. They have gamed the system mightily. “The first two hours of the hearing were devoted to damning undercover video of admissions counselors encouraging prospective students to lie on aid applications; inflating career earnings potential; and admitting they weren’t going to repay $85,000 of their own loan debt.” But as nothing will change the nature of the private sector, the only locus of reform will have to be the accreditation system itself. Thus we read, “there are some fundamental problems about accrediting agencies and the accrediting system that hurt its ability to provide the oversight and accountability functions we desire.” This will end only with the end of legislated accreditation, and though the government money may be harder to obtain (as, inevitably, it will be) the floodgates will be opened. It can end no other way.
From DSC:
This is yet another part of the “perfect storm” that’s brewing in higher education.
Also see:
http://www.quickanded.com/2010/08/the-broken-accreditation-system.html